Today’s RNS confirms management has made measurable advances in key parts of the business, with sales growth significantly exceeding our forecast assumption. CER growth was almost 50% in the 4 months despite the volatile conditions; and Boohoo looks well placed to keep on targeting the ongoing shift to online and towards value fast fashion. Given its reinvestment objective back into price, it is on track to deliver FY expectations rather than a beat but, with Retail and also 3rd party sales gain ....
12 Jan 2016
On track to deliver FY forecasts as top line growth strengthens
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On track to deliver FY forecasts as top line growth strengthens
boohoo group Plc (BOO:LON) | 33.8 0.1 0.7% | Mkt Cap: 428.6m
- Published:
12 Jan 2016 -
Author:
Matthew McEachran -
Pages:
3
Today’s RNS confirms management has made measurable advances in key parts of the business, with sales growth significantly exceeding our forecast assumption. CER growth was almost 50% in the 4 months despite the volatile conditions; and Boohoo looks well placed to keep on targeting the ongoing shift to online and towards value fast fashion. Given its reinvestment objective back into price, it is on track to deliver FY expectations rather than a beat but, with Retail and also 3rd party sales gain ....